How to use BitMEX in the USA
Oliver Bradshaw | Last Updated:
Technical VPN Analyst
BitMex is a Bitcoin trading platform. It offers advanced features that allow you to trade cryptocurrency in the safest way possible. BitMex is an acronym for Bitcoin Mercantile Exchange.
On this exchange, you can use high leverages – a technique that experienced traders use to trade with 100x as much as their assets, meaning they’ll have the potential to make a lot more profit. This gives them more opportunities to make good money, but it could also lead to huge losses.
Advanced traders tend to be better at dealing with higher risk, and that’s why this platform is popular among their communities.
BitMex only trades in Bitcoin, meaning you profit or lose Bitcoin even if you trade using other alternative coins.
This platform is best for those who have experience and are looking to invest, so it might not be suitable for beginners.
QUICK GUIDE: How to unblock BitMex in 3 Easy Steps
- Get a VPN subscription. There are plenty of reputable providers on the market but we recommend ExpressVPN as their global server count is massive.
- Download onto your chosen device the provider’s VPN client.
- Install and sign in to the app with your login details.
- Connect to a server that is located overseas in Europe.
- Start to access BitMEX.
Bitfinex was founded in 2012 and has quickly grown to be one of the most reputable cryptocurrency exchanges.
It is said to be the biggest cryptocurrency exchange in the world. Bitfinex allows the trade of Bitcoin and many other currencies, and their volume of transactions is reportedly one of the best in the world.
VPN for BitMEX and Bitfinex
In 2017, BitMEX and Bitfinex suddenly stopped accepting users from the US. The reasons for this action were not clear.
If a US citizen requests to sign up to BitMEX or Bitfinex today, they would not be able to do so. This is because of laws under the jurisdiction of the US Government.
Luckily, there is a solution for this. A VPN, or a Virtual Private Network, is a secure way for people to connect to the internet. It provides an encrypted connection allowing access to networks of any size and without geographical restrictions.
VPN services allow you to encrypt all your traffic and prevent others from seeing your IP address. This is especially useful for sensitive platforms like BitMEX and Bitfinex.
Many traders from the United States have to use VPNs to access BitMEX and Bitfinex, so you’ll need to sign up for a VPN account ExpressVPN.
You can use a VPN on most popular operating systems, including Windows, macOS, and Android.
BitMEX and BitFinex VPN servers are located in Europe and Southeast Asia to avoid US trade sanctions.